IndiaNivesh Capitals Limited

SAT-appeal

• Challenge to SEBI communications concerning suspected shell companies, including directions to stock exchanges regarding companies identified by the Ministry of Corporate Affairs.
  Review Application No. 6 of 2018 allowed. · CSE directed to provide IndiaNivesh Capitals Limited a copy of its report and the Audit Report submitted to SEBI on March 15, 2018.
  Appeal: Review Application No. 6 of 2018 allowed and Appeal No. 236 of 2018 disposed of by SAT on September 21, 2018.
• Inclusion of appellant in SEBI's 'suspected Shell companies' list vide communication dated August 7, 2017.
  CSE directed to pass final order on appellant's representations within 21 days from 07.08.2018 · Cost of Rs. 25,000 imposed on CSE payable to Registrar, SAT within 15 days from 07.08.2018
  Appeal: Appeal No. 236 of 2018 and Misc. Application No. 200 of 2018 filed with 292 days delay, disposed of on 07.08.2018